Using and Producing Ideas in Computable Endogenous Growth

It is shown that Paul Romer's suggestion to model algorithmically the use and production of ideas in an endogenous growth model is formally feasible. Such a modelling exercise imparts a natural evolutionary flavour to growth models. However, it is also shown that the policy implications are formally indeterminate in a precise and effective sense.

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Year of publication:	2005
Authors:	Velupillai, K. Vela
Institutions:	Department of Economics, National University of Ireland
Subject:	endogenous growth \| algorithmic ideas \| computable growth

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 0097
Classification:	C63 - Computational Techniques ; D24 - Production; Capital and Total Factor Productivity; Capacity ; E10 - General Aggregative Models. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008543391